162,000 Jobs Added in March - Rate Remains 9.7% - NYTimes.com
The real number is 123,000 jobs, since the temp census jobs don't really count in my opinion. However this is a very good sign. So what is your opinion, are we on the road to recovery or not? What do you base it on?The Labor Department said Friday that the unemployment rate held steady at 9.7 percent. It is expected to worsen later this year as discouraged workers re-enter the labor force.
But economists sounded a cautious note, pointing out that a sizable portion of the growth came from the government’s hiring of 48,000 census workers, mostly temporary jobs. There were clear signs, however, that the private sector was slowly gaining strength: over all, it added 123,000 jobs last month.
Personally, I am hopeful, but I am not prepared to call anything at this time.